Lufthansa subsidiary Austrian Airlines has reported a 2017 adjusted EBIT of €94 million ($112.6 million), up 62% from €58 million in 2016. Earnings before interest and taxes (EBIT) rose 55% to €101 million.   The Star Alliance member cited an increasing demand for European flights—mainly because of the bankruptcy of airberlin and its Austrian subsidiary NIKI—for the positive results. Outgoing CFO Heinz Lachinger said the figures represent the “best ...

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